Sat, Feb 28, 2015, 7:07 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

BP Prudhoe Bay Royalty Trust Message Board

  • barebuttbob2013 barebuttbob2013 Feb 4, 2013 12:15 AM Flag

    Depletion Allowance in Couple Weeks

    all companies have depreciations on taxes, but only mineral extractive companies have 'depletion' alllowances since extractives are non-renewable.

    Sentiment: Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "Depletion Allowance in Couple Weeks"

      What is that supposed to mean?
      Anyway the tax information for BPT, including depletion details has already been available for several weeks. I put my BPT into Turbotax about 2 weeks ago. The deductions for BPT are lower than for most of those older trusts. I manage to get negative income after depletion for PBT and other older trusts. For BPT the deductions do not come close to giving me negative taxable income.

68.04+1.61(+2.42%)Feb 27 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.